Southern California Bancorp (NASDAQ:BCAL) Shares Purchased by Petiole USA ltd

Petiole USA ltd lifted its stake in Southern California Bancorp (NASDAQ:BCAL - Free Report) by 130.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,604 shares of the company's stock after buying an additional 110,604 shares during the period. Southern California Bancorp makes up 1.9% of Petiole USA ltd's portfolio, making the stock its 25th biggest position. Petiole USA ltd owned 1.05% of Southern California Bancorp worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Endeavour Capital Advisors Inc. boosted its holdings in Southern California Bancorp by 0.8% in the second quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company's stock valued at $15,241,000 after purchasing an additional 8,521 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Southern California Bancorp by 193.1% in the third quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company's stock valued at $11,612,000 after purchasing an additional 517,217 shares during the last quarter. Curi RMB Capital LLC boosted its holdings in Southern California Bancorp by 500.9% in the third quarter. Curi RMB Capital LLC now owns 393,456 shares of the company's stock valued at $5,819,000 after purchasing an additional 327,981 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Southern California Bancorp by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company's stock valued at $3,609,000 after purchasing an additional 6,266 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in Southern California Bancorp by 8.8% in the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company's stock valued at $1,670,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Southern California Bancorp Trading Down 0.7 %

NASDAQ BCAL traded down $0.12 on Tuesday, hitting $17.83. 67,208 shares of the stock traded hands, compared to its average volume of 63,598. The stock has a 50-day moving average of $15.21 and a 200 day moving average of $14.53. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49. The company has a market capitalization of $573.59 million, a P/E ratio of -224.88 and a beta of 0.74.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price target on Southern California Bancorp from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, August 2nd.

About Southern California Bancorp

Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit.